Structural Adhesives Market: Global Industry Analysis and Forecast (2024-2030)

Structural Adhesives Market Overview:

Structural Adhesives are the glue that holds things together under pressure, designed for engineering applications in a variety of industries. They form strong long-lasting bonds that withstand force, vibration, and even harsh environments.

 

The structural adhesives market is experiencing significant growth driven by advancements in various industries such as aerospace, construction, automotive, and consumer electronics. Key drivers include the expansion of the aerospace sector, which demands lightweight and durable adhesives to enhance fuel efficiency and structural integrity. Water-based adhesives are the major segment in the structural adhesive market due to their eco-friendly nature, low VOC emissions, and safety benefits, accounting for Xx % of the market share in 2023. The construction industry also plays a pivotal role, utilizing structural adhesives for bonding diverse materials and components, contributing to Xx % of the market share.

 

Asia-Pacific is the leading region in the structural adhesives market, holding an Xx % share in 2023, driven by rapid industrialization, urbanization, and rising demand for consumer electronics. The competitive landscape features major players such as Henkel AG & Co. KGaA, 3M, HB Fuller Company, and Sika AG, all focusing on innovation and tailored solutions to maintain and expand their market positions. Henkel is investing in innovation centers, while 3M leverages its extensive R&D capabilities and global distribution network.

 

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Structural Adhesives Market Dynamics

Structural Adhesives Market Drivers

Expansion in Aerospace Industry

The expansion of the aerospace industry is significantly accelerating the growth and development of the structural adhesives market due to several key factors. Structural adhesives offer lightweight advantages that are critical to improving aircraft fuel efficiency and meet industry demands for better efficiency and lower emissions. These adhesives provide excellent bond strength and durability, which is important for maintaining the structural integrity of the advanced composite materials increasingly used in the modern aerospace industry.

 

Additionally, as aircraft manufacturers strive to streamline manufacturing processes and reduce assembly times, structural adhesives offer advantages over traditional mechanical fastening methods by enabling more efficient and automated manufacturing techniques. This synergy between the expansion of the aerospace industry and the adoption of advanced structural adhesives highlights their central role in driving innovation and meeting evolving industry standards.

 

The aerospace industry uses structural adhesives for many structural applications of an aircraft or its parts such as filling gaps, connecting components, sealing stabilizing or completing repairs. Companies can vary the viscosity and thickness of these highly versatile adhesives to adopt them to a specific application. Adding additives to the glue can enrich its properties and help regulate its strength or cure time.

 

• Henkel has a rich history of innovating in adhesive technologies, and its Loctite brand is renowned in the industry. The company constantly develops new and improved adhesives, including those for aerospace applications. Two notable aerospace-related adhesives from Henkel are the Loctite EA 3490, a high-strength, two-part epoxy adhesive used for bonding various materials, and the Teroson MS 930, a flexible, high-strength, silane-based adhesive for bonding different materials.

 

Structural Adhesives Market Opportunity

Green Adhesives: Environmental awareness is a big trend and there is growing demand for non-hazardous, durable structural adhesives. This includes adhesives with low VOC (Volatile Organic Compounds) levels. Stricter regulations around the world are forcing manufacturers to develop environment-friendly alternatives. This allows companies to develop innovative new formulas that meet these standards.

 

Green adhesives not only reduce the carbon footprint but also satisfy consumer demands for environmentally friendly products. They provide opportunities for innovation in production processes and enable companies to differentiate themselves in a competitive market by offering products that are both efficient and environmentally friendly. Additionally, as governments implement stricter VOC emission regulations, demand for green adhesives will increase, creating a favorable Structural Adhesives Market environment for these sustainable solutions.

• H.B. Fuller offers a wide range of bio-based and low-VOC adhesives in its TERABOND and Titebond Green lines. These adhesives are suitable for various industries such as construction and woodworking, while meeting environmental standards.

 

Structural Adhesives Market Challenge

Overcoming Performance Barriers in the Structural Adhesives Market

Performance requirements are a major challenge in the structural adhesives market, as these materials are subject to high demands in various applications. Structural adhesives must have exceptional durability, strength, and reliability in various and often extreme conditions. For example, they must maintain bond integrity during thermal cycling when exposed to moisture, chemicals, and UV radiation. In addition, they must withstand mechanical stress and vibration without weakening.

 

Achieving this level requires complex formulations and precise manufacturing processes, which can be complex and expensive. To maintain compliance with industry standards and specifications, thorough testing and validation are necessary, and meeting these strict requirements requires ongoing innovation. Balancing performance and cost-effectiveness further complicate the development and deployment of high-performance structural adhesives.

 

Structural Adhesives Market Segment Analysis

Based on the resin type, Structural Adhesives Market is segmented into Epoxy, Polyurethane, Acrylic, Cyanoacrylate, and Others. In 2023, the epoxy segment was the largest revenue generator and is expected to grow during the forecast period. Epoxy-based structural adhesives are versatile in nature, offering easy adhesion to a variety of substrates and excellent shear strength. These properties make epoxy-based structural adhesives suitable for permanent bonding.

Based on the technology Structural Adhesives Market is segmented into Water-based, solvent-based, reactive, and others.  The water-based segment has the largest market share due to its properties such as adhesion quality, wet adhesion, better adhesion on painted metal surfaces, short drying time and low flammability are the main factors that make them suitable for many end uses. These adhesives offer significant safety benefits such as low Odor and lower toxicity, making them the preferred choice for interior and consumer applications.

 

In 2023, the Water-based segment accounted for Xx % structural adhesives market. This is due to their eco-friendly nature, lower VOC emission, and safety advantages such as minimal odour and lower toxicity. In addition, continued advances in water-based formulations have greatly improved their effectiveness and approached the strength and durability of solution-based alternatives. The increasing focus on sustainable and environment-friendly manufacturing processes is further accelerating the adoption of water-based structural adhesives in various industries.

Based on End-User industry Structural Adhesives Market is segmented as Construction, Aerospace, Wind Energy, and Automotive. The Construction Segment dominated the structural adhesives market in 2023 with market share of Xx %. And expected to maintain its dominance during the forecasted period (2024-2030). This is because of increasing construction activity worldwide due to the rapid growth of urbanization and industrial development.

 

Structural adhesives are widely used in the construction industry to join different materials such as metal, concrete and wood. These adhesives are also used to fix concrete to concrete, to bond concrete to ceramic tiles, exterior doors, building panels, metal parts and structural glass. Commonly used adhesives in the construction industry are acrylic adhesives, resin adhesives, anaerobic adhesives and hot melt adhesives.

 

Structural Adhesives Market Regional Analysis

Asia- Pacific region has dominated the structural adhesives market, which held largest market share accounting for Xx % in 2023, the market size is expected to grow at highest CAGR during the forecasted period. This is due to the increasing demand for consumer electronics products, where structural adhesives are used as the main bonding material in electronic assemblies, conductive films and other components. To increase market share and profitability, market players are focusing on this region.

 

Key competitors are using partnerships, acquisitions, product launches and expansions, and investments as key strategies to strengthen their positions in the structural adhesives market. Another driving factor is increasing demand for structural adhesives in Thailand, India and China and increasing demand and rapid industrialization, particularly in the furniture and construction industries.

 

Additionally, the Asia Pacific market is growing due to the contribution of China, Japan, India and South Korea. The Structural Adhesives Market is growing due to strong economic growth, increased construction activity and rising disposable incomes. The construction industry in the Asia-Pacific region is the largest in the world and is expanding at a very fast pace because of factors such as population growth, urbanization, and rising middle-class incomes. The region is also expected to grow at the fastest rate because home construction markets in China and India are expanding.

 

North American region is second largest Structural Adhesives Market in 2023, due to the presence of several countries such as the United States, Canada and Mexico, which creates growth opportunities for this region. Additionally, public sector and consumer spending on adhesives in the US is driving market demand in the region.

Structural Adhesives Market Competitive landscape

Structural adhesives market is highly competitive, with global and regional players vying for market share. Henkel AG & Co KGaA, HB Fuller Company, DuPont, 3M, Sika AG, Huntsman Corporation are the global key players in the structural adhesives market.

 

Henkel is a leader in adhesive technology, offering a wide range of structural adhesives under brands such as LOCTITE, TECHNOMELT and TEROSON. Their structural adhesives are suitable for a variety of industries including construction, transportation and wind energy. They focus on innovation and developing solutions tailored to the specific needs of the client. In May 2021, Henkel AG announced the construction of a new Adhesive Technologies innovation center in Shanghai.

 

With an investment of more than 60 million euros (71 million US dollars), the facility will transform Henkel's current Zhangjiang innovation center for China and the Asia-Pacific region. The new location strengthens Henkel Adhesive Technologies position to serve various industries and develop leading adhesives, sealants and functional coating solutions for customers in the region.

 

The American conglomerate 3M is known for its diverse product portfolio and innovation capabilities, with a strong emphasis on research and development. 3M's structural adhesives are widely used in industries such as automotive, construction and industrial manufacturing, which benefit from the company's extensive technological resources and global distribution network. Both companies are key players in the structural adhesives market. Henkel is known for its special solutions and 3M's for broad, versatile product range and strong market share.

Structural Adhesives Market Scope
Market Size in 2023	USD 17.29 Bn.
Market Size in 2030	USD 26.87 Bn.
CAGR (2024-2030)	6.5 %
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segments	By Resin Type Epoxy Polyurethane Acrylic Cyanoacrylate Others
	By Technology Water-based Solvent based Reactive and other
	By End-User Application Construction Aerospace Wind Energy Automotive Other
Regional Scope	North America- United States, Canada, and Mexico Europe – United Kingdom, France, Germany, Italy, Spain, Sweden, Russia, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Structural Adhesives Market key Players

1. Henkel AG & Co KGaA
2. HB Fuller Company
3. DuPont
4. 3M
5. Sika AG
6. Huntsman Corporation
7. Dow
8. Lord Corporation
9. Franklin International, Inc.
10. Scott Bader Co.
11. Arkema S.A.
12. Ashland Inc.
13. Ried B.V. Co.
14. Adhesive Enterprise Co.